ROSHN Group, a Public Investment Fund-owned company, has signed a Memorandum of Collaboration with the Saudi Ministry of Tourism that will support the realization of the Kingdom’s National Tourism Strategy and the achievement of targets, including welcoming 150 million tourists and generating one million tourism-related jobs by 2030.
The partnership between ROSHN, a major player in Saudi Arabia’s property development sector, and the Ministry will advance the Kingdom’s tourism industry through collaborative efforts in developing tourism destinations, sharing data, insights, and knowledge, and rolling out training programs for young Saudis for different career opportunities in the industry.
ROSHN and the ministry will discuss potential tourism investments and sector-specific opportunities.
“ROSHN is a leading player nationally in developing destinations and communities, and we are looking forward to working with ROSHN to collaborate on how we can best support the Kingdom’s tourism aspirations as spelt out by the National Tourism Strategy,” said Mahmoud Abdulhadi, Deputy Minister of Tourism Destinations Enablement.
The collaboration includes a comprehensive framework to support the development of tourism capabilities and infrastructure across Saudi Arabia, promoting quality of life for both Saudi nationals and visitors from abroad. ROSHN’s current development portfolio includes retail and entertainment to complement its community living for its current and future residents.
“With a portfolio that includes communities and destinations throughout the Kingdom, ROSHN is already playing a role in promoting Saudi Arabia as a preferred place to visit,” explained Yassen Kattan, Head of Strategy and Corporate Affairs, ROSHN Group. “Our collaboration with the Ministry of Tourism underscores our dedication to pursuing developments that create memorable experiences for all, with a focus on quality of life and entertainment as we look to contribute to Saudi Vision 2030.”
